Trading cryptocurrency for cryptocurrency without identity verification? - page 2.

LeGaulois

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Quote from: BingoBob on August 26, 2017, 04:45:41 AM

I'd like to trade small amounts of cryptocurrencies without having to do any sort of identity verification. I don't want to trade fiat at all. I'm only looking to trade small amounts of $25 to $100 worth of cryptocurrencies. I simply want to do this as a hobby without having to jump through any hoops. Are there any exchanges where I can do that?

I have never met an exchange asking for my ID just to trade cryptocurrencies. Usually, they start to ask some ID documents as soon as you want to deal with fiat (deposit/withdrawal)

BingoBob

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Quote from: deadsilent on August 26, 2017, 08:01:22 PM

Quote from: BingoBob on August 26, 2017, 04:45:41 AM

I'd like to trade small amounts of cryptocurrencies without having to do any sort of identity verification. I don't want to trade fiat at all. I'm only looking to trade small amounts of $25 to $100 worth of cryptocurrencies. I simply want to do this as a hobby without having to jump through any hoops. Are there any exchanges where I can do that?

You can try Bittrex. Im trading there for months now. Not encountered any problems. And i think it's a decentralized exchange which don't require you to submit any documents for your identification in able for you to trade. You can try also Bitsquare. Same also with Bittrex. Decentralized exchange. But beware with decentralized exchange because government can easily make it not operational. That's why we rarely see these kind of exchange. They are good tho. I just don't know what's the maximum withdrawal there. $100 is a good start. Waves is good buy these days. Check it out.

Anyway, centralized exchange platform are more secured than decentralized exchange because it is supported by government. So traders prefer centralized exchange. Besides, most of the exchanges are now implementing this system. You can still trade to centralised exchange without submitting your IDs. You can do that on Polo. But if you want to maximize your deposit and withdrawal limit. You can level up your profile by verifying your identity.

I just want to give all this a try. I don't know if it's something that I want to do long term. I will go this route if I find myself interested in it. I'm just seeing what all this cryptocurrency stuff is all about.

Sled

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Bitrrex is a good trading website that doesn't need to verify your account with government ID's or any related to that unless you are trading more than $20,000 worth of bitcoin. In bittrex you only need to verify your number and also put some random name for basic information and after that you can do trading on their site without worrying about your identity.

isen99ono

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Quote from: BingoBob on August 26, 2017, 04:55:12 AM

Quote from: anon4250158 on August 26, 2017, 04:50:01 AM

~snip~

Do they have any trade limits? Can I use bitcoin that's already in my wallet? Can you transfer bitcoin back to your wallet?

I have not found the limit of trading for Bittrex or maybe I missed something.
But for a minimum purchase in one trade is worth 50k sat.
Yes, you can directly use Bitcoin in your account wallet. But make sure that your deposit is confirmed Bitcoin network.
For this I do not understand what you want, why do you want to withdraw or transfer directly after making a deposit to an exchange account. but it's up to you and surely you can do that, But in bittrex they have daily withdrawal limits for unverified accounts

deadsilent

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Quote from: BingoBob on August 26, 2017, 04:45:41 AM

I'd like to trade small amounts of cryptocurrencies without having to do any sort of identity verification. I don't want to trade fiat at all. I'm only looking to trade small amounts of $25 to $100 worth of cryptocurrencies. I simply want to do this as a hobby without having to jump through any hoops. Are there any exchanges where I can do that?

You can try Bittrex. Im trading there for months now. Not encountered any problems. And i think it's a decentralized exchange which don't require you to submit any documents for your identification in able for you to trade. You can try also Bitsquare. Same also with Bittrex. Decentralized exchange. But beware with decentralized exchange because government can easily make it not operational. That's why we rarely see these kind of exchange. They are good tho. I just don't know what's the maximum withdrawal there. $100 is a good start. Waves is good buy these days. Check it out.

Anyway, centralized exchange platform are more secured than decentralized exchange because it is supported by government. So traders prefer centralized exchange. Besides, most of the exchanges are now implementing this system. You can still trade to centralised exchange without submitting your IDs. You can do that on Polo. But if you want to maximize your deposit and withdrawal limit. You can level up your profile by verifying your identity.

viking02

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So could you do this with btc for waves or other altcoins/

n4poleon

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You can do that on any exchanges, exchanges has account levels. At your budget you don't have to worry about identity as you only need an email address. Bittrex gives 3 btc withdrawal limit so you're more than good to go. In case your withdrawing above 3 btc a day then that's the time you may have to provide additional account details.

Fortify

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It might help if you share which country you are trading from? Certain countries have way more restrictions when it comes to finance. If it's only small amounts like that, you're more likely to avoid having to upload documentation, but the reputation of the trading platform still matters a lot.

iamTom123

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Quote from: anon4250158 on August 26, 2017, 04:50:01 AM

By identity info I'm guessing you mean bank accounts, driver's license/passport, even phone numbers? You don't need any of that on any exchange UNLESS you are doing fiat. I personally use bittrex and poloniex for my crypto-to-crypto exchange needs. Bittrex doesn't even care if you use a temporary email (yopmail) to set up an account if you don't even want to use your main email.

Yes, anybody who is planning to do some small trades probably also just testing the water can use wither Bittrex or Poloniex as they are not very strict with verification at that level. I think you have to verify if you want to withdraw fiat money out of their system though I am so sure if that is really the case so talking to the support can clarify things once and for all. I am also into Bittrex because I find it more newbie-friendly compared to other exchanges with confusing interface.

mondobitcoin

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Quote from: BingoBob on August 26, 2017, 04:45:41 AM

I'd like to trade small amounts of cryptocurrencies without having to do any sort of identity verification. I don't want to trade fiat at all. I'm only looking to trade small amounts of $25 to $100 worth of cryptocurrencies. I simply want to do this as a hobby without having to jump through any hoops. Are there any exchanges where I can do that?

You can try with Poloniex, i have tried it and dont have needed any id verification
Can trade all cryptocurrencies and small amounts

Red-Apple

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most exchanges like bittrex for example have different levels of verification requirement. for example the basic of most of them is only requiring you to give them your Email address and enable 2FA and then you can trade small amounts and withdraw small amounts.

BingoBob

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Quote from: anon4250158 on August 26, 2017, 04:50:01 AM

By identity info I'm guessing you mean bank accounts, driver's license/passport, even phone numbers? You don't need any of that on any exchange UNLESS you are doing fiat. I personally use bittrex and poloniex for my crypto-to-crypto exchange needs. Bittrex doesn't even care if you use a temporary email (yopmail) to set up an account if you don't even want to use your main email.

I didn't know that. Do they have any trade limits? Can I use bitcoin that's already in my wallet? Can you transfer bitcoin back to your wallet?

anon4250158

sr. member

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By identity info I'm guessing you mean bank accounts, driver's license/passport, even phone numbers? You don't need any of that on any exchange UNLESS you are doing fiat. I personally use bittrex and poloniex for my crypto-to-crypto exchange needs. Bittrex doesn't even care if you use a temporary email (yopmail) to set up an account if you don't even want to use your main email.

BingoBob

newbie

Activity: 8

Merit: 0

I'd like to trade small amounts of cryptocurrencies without having to do any sort of identity verification. I don't want to trade fiat at all. I'm only looking to trade small amounts of $25 to $100 worth of cryptocurrencies. I simply want to do this as a hobby without having to jump through any hoops. Are there any exchanges where I can do that?

Topic: Trading cryptocurrency for cryptocurrency without identity verification? - page 2. (Read 1323 times)